IShares MSCI Correlations

THD Etf

USD 62.77 0.03 0.05%

The current 90-days correlation between iShares MSCI Thailand and iShares MSCI Turkey is -0.07 (i.e., Good diversification). The correlation of IShares MSCI is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

IShares MSCI Correlation With Market

Good diversification

The correlation between iShares MSCI Thailand and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI Thailand and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in iShares MSCI Thailand. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with IShares Etf

0.67	EWA	iShares MSCI Australia	Pair Corr
0.78	EWG	iShares MSCI Germany	Pair Corr
0.71	EWW	iShares MSCI Mexico Potential Growth	Pair Corr
0.65	VWO	Vanguard FTSE Emerging	Pair Corr
0.62	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.61	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr

Moving against IShares Etf

0.56	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.33	CVX	Chevron Corp Sell-off Trend	Pair Corr

Related Correlations Analysis

	EPHE	EIDO	TUR	ECH	IDX
EPHE		0.89	0.02	0.71	0.81	EPHE
EIDO	0.89		0.27	0.61	0.96	EIDO
TUR	0.02	0.27		-0.13	0.42	TUR
ECH	0.71	0.61	-0.13		0.51	ECH
IDX	0.81	0.96	0.42	0.51		IDX
	EPHE	EIDO	TUR	ECH	IDX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

IDX	+ 0.96	EIDO
EIDO	+ 0.89	EPHE
IDX	+ 0.81	EPHE
ECH	+ 0.71	EPHE
ECH	+ 0.61	EIDO
IDX	+ 0.51	ECH

High negative correlations

ECH

- 0.13

TUR

IShares MSCI Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares MSCI ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze IShares MSCI's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
EPHE	0.89	(0.15)	(0.40)	1.80	(1.95)	5.19
EIDO	0.81	(0.13)	6.35	1.26	(2.10)	5.17
TUR	1.22	(0.13)	(0.03)	2.27	(2.50)	5.87
ECH	0.85	(0.11)	(0.24)	1.81	(2.15)	5.78
IDX	0.89	(0.16)	(2.63)	1.52	(2.24)	6.03

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC